CNO Financial reports improved quarterly earnings, revenue

CNO Financial Group Inc. on Wednesday said it realized higher revenue and profit in the second quarter.

The Carmel-based insurance holding company reported earnings of $83.4 million, or 48 cents per share, compared with $59.9 million, or 33 cents per share, in the second quarter of 2016.  

Revenue rose to $1.1 billion in the quarter, up from $1 billion the previous year.

CNO said total collected premiums were $925 million, up 7 percent from last year’s second quarter.

"In the second quarter, we grew the enterprise with meaningful increases in income and book value per share and returned significant capital to shareholders while maintaining strength in our key financial metrics," CNO Financial CEO Ed Bonach said in written remarks.

CNO shares fell 2.3 percent Wednesday before the earnings report, to $21.75 each.

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